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Sage Geosystems Announces Funding for Next-generation Geothermal Power Generation Project

LCG, January 21, 2026--Sage Geosystems, the company pioneering Pressure Geothermal, today announced that it closed over $97 million in Series B funding to advance its geothermal power generation and energy storage solutions, including its first commercial next-generation geothermal power generation facility. Ormat Technologies, a vertically integrated company engaged in geothermal and recovered energy generation ("REG"), and Carbon Direct Capital, a growth equity investment firm, co-led Sage’s Series B round, representing the full backing of Sage and Pressure Geothermal technology from leaders in geothermal energy and growth capital.

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Origis Energy Announces Agreement with Meta for Greyhound A Solar Project in West Texas

LCG, January 15, 2026--Origis Energy today announced that Meta and the company signed a long-term power purchase agreement (PPA) for the 240-MW (303-MWdc) Greyhound A Solar project in West Odessa, Texas. The Greyhound A Solar project is scheduled to achieve commercial operations by mid-2026.

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Industry News

Sempra Gets Approval to Build First LNG Plant in 25 Years

LCG, September 11, 2003The Federal Energy Regulatory Commission gave Sempra Energy unanimous approval to begin constructing a $700 million liquefied natural gas (LNG) plant in Louisiana.

The Hackberry plant will be the first LNG plant constructed in the United States in 25 years. LNG is becoming an increasingly viable option as natural gas prices are on the rise and supply is short.

The plant will cost $700 million, and Sempra expects to start construction by the end of March 2004. If all goes according to plan, the LNG plant will begin operations in 2007 and convert 1.5 billion cubic feet of LNG per day to gas.

Sempra is also trying to build a LNG plant in Ensenada, Mexico.

Sempra must still receive permission from the Army Corps of Engineers and the Louisiana Department of Environmental Quality before beginning construction.

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